FOX Business: The Power to Prosper

The markets sold off on Friday as worries that Spain, the eurozone's fourth-biggest economy, may get locked out of private debt markets weighed heavily on sentiment. 

Today's Markets

According to preliminary calculations, the Dow Jones Industrial Average fell 119 points, or 0.92%, to 12824, the S&P 500 dipped 13.8 points, or 1%, to 1363 and the Nasdaq Composite slumped 40.6 points, or 1.4%, to 2925.

Traders have had no lack of headlines to consider this week, although, the pace of economic data releases has slowed down on Friday with no major reports on tap. However, the volatile debt crisis in Europe flared up.

The situation in Spain once again took a downturn, worrying market participants. The country saw its borrowing costs for 10 years rise to 7% again on secondary credit markets even as European Union officials seemed poised to finalize its bank bailout.